Article originally appeared on the L.A. Times, by Lauren Beale.
Designed by Gordon B. Kaufmann and built in 1927, the American Colonial Revival home features a grand entry gallery with 14-foot-tall arched ceilings and parquet floors. The main house includes two offices, a sun room, a wet bar and a free-standing spiral staircase.
The 1.5-acre property has terraced gardens, a swimming pool, a pool house, a guesthouse, a detached garage and a greenhouse.
There are six fireplaces, six bedrooms, nine bathrooms and 12,435 square feet of living space.
Kaufmann’s notable works include the Greystone Mansion in Beverly Hills and the Moderne-style Los Angeles Times building downtown.
The 91-year-old billionaire bought the house in 2001 for $10 million, public records show. He owns another property nearby.
His worth is estimated at $2.5 billion by Forbes.
The property he sold came on the market in December at $30 million.
Jeffrey Hyland and Rick Hilton of Hilton & Hyland / Christie’s International Real Estate and Karen Crystal and Nicki LaPorta of Ewing Sotheby’s International Realty were the listing agents. Drew Fenton and Trista Rullen of Hilton & Hyland /Christie’s International Real Estate represented the buyer, the Multiple Listing Service shows.